Areas Served: City of Cranston
The Department of Economic Development administers both a Revolving Loan Fund and a Microloan fund to help meet the financing needs of a cross section of businesses in Cranston, Rhode Island.
* The City’s Revolving Loan Fund can provide gap financing for companies seeking to undertake new development within the City.
Dependent upon the availability of funds, the City can provide low interest rate financing for up to 20% of a total project’s coSt. * For entrepreneurs seeking financing for business start-up, the City’s Microloan program can provide low interest financing up to $5,000 for both capital equipment and working capital.
Low to moderate-income residents of Cranston or companies which create job opportunities for these residents are strongly encouraged to apply.
Contact InformationCity of Cranston
Address: 869 Park Avenue
City: Cranston
State: Rhode Island
Website:
http://www.cranstonri.com/generalpage.php?page=45
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